Quantitative Business Valuation: A Mathematical Approach for Today's Professionals
Author: Jay B. Abrams
List Price: $95.00
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ISBN: 0070002150
Publisher: McGraw-Hill Trade (16 November, 2000)
Sales Rank: 79,404
Average Customer Rating: 5 out of 5
Customer Reviews
Rating: 5 out of 5
Great Contribution
Abrams adds an important element of rigor that is sorely lacking among most valuation professionals.
Rating: 5 out of 5
Excellent, New Approach
This text is an excellent addition to the business valuation literature. The author explores a wide variety of approaches with new methods that are easy to follow. A tremendous amount of work went into the preparation of this book and it is very well written. There is a chapter on startup companies that is especially interesting to me.If you are at all interested in the income method for valuing businesses, I would strongly encourage you to buy this book. In a review on the back cover of the text, Shannon Pratt strongly recommends the book because the author presents "a scholarly summary of past research, new empirical research of his own, and his conclusions".
My only criticism and surprise is the lack of use of Monte Carlo simulation in these models, which is surprising to me considering how statistically focused the author is and how easy simulation is to learn and employ. Also, the use of real options for valuing startups is extremely important but the author does acknowledge this subject is beyond the scope of his book. Extremely well done and the author should be proud of producing work of this caliber. I'm looking forward to future editions and other books by Jay B. Abrams.
Rating: 5 out of 5
This is Eye-opener
As a Finance MBA, this book is recommended. Why? First of all, this is a practical book that would show us how to assess and forecast the business and cash flow. Furthermore, step-by-step approach is helpful in understanding valuation of privately held firms. Similar Products
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